Olimpio Matarazzo Neto Purchases 15,000 Shares of Patria Investments (NYSE:PAX) Stock

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $10.99 per share, with a total value of $164,850.00. Following the completion of the acquisition, the director directly owned 30,000 shares of the company’s stock, valued at $329,700. This represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Olimpio Matarazzo Neto also recently made the following trade(s):

• On Friday, May 15th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The stock was purchased at an average price of $11.40 per share, with a total value of $171,000.00.

Patria Investments Stock Down 1.3%

Patria Investments stock traded down $0.15 during trading hours on Friday, reaching $11.02. The stock had a trading volume of 540,034 shares, compared to its average volume of 969,404. The company has a market cap of $733.08 million, a price-to-earnings ratio of 22.04, a PEG ratio of 1.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50 day moving average price is $12.11 and its 200-day moving average price is $14.03. Patria Investments Limited has a 52 week low of $10.72 and a 52 week high of $17.80.

Patria Investments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, May 18th will be issued a $0.1625 dividend. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. This represents a $0.65 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Monday, May 18th. Patria Investments’s dividend payout ratio is presently 144.44%.

Hedge Funds Weigh In On Patria Investments

Hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in shares of Patria Investments during the third quarter valued at about $38,000. State of Wyoming acquired a new position in shares of Patria Investments during the third quarter valued at about $63,000. Advisory Services Network LLC acquired a new position in shares of Patria Investments during the third quarter valued at about $73,000. Kemnay Advisory Services Inc. acquired a new position in shares of Patria Investments during the fourth quarter valued at about $94,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Patria Investments by 52.9% during the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock valued at $115,000 after acquiring an additional 2,818 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Analyst Upgrades and Downgrades

PAX has been the subject of a number of recent research reports. Zacks Research downgraded shares of Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. reduced their target price on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $18.00 price objective on shares of Patria Investments in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Patria Investments Company Profile

Patria Investments Limited (NYSE: PAX) is a Brazil-based alternative asset management firm specializing in private equity, infrastructure, real estate and credit investments. Since its founding in 1988, the firm has focused on identifying and partnering with high-potential companies and projects across Latin America. Patria’s investment approach combines local market expertise with global best practices to structure and manage portfolios that aim to deliver long-term value to institutional and high-net-worth clients.

The company’s core business activities include private equity funds targeting mid-market and large-cap buyouts, infrastructure funds investing in essential assets such as energy and transportation, real estate strategies encompassing residential, commercial and logistics properties, and credit funds that provide financing solutions across the capital structure.